JPMorgan launched the JPM Coin, a live blockchain application aiming to provide an alternative payment rail running on blockchain, in 2019. JPM Coin is part of JPMorgan’s blockchain-based platform known as Onyx Coin Systems. Germany’s conglomerate Siemens AG is the first company to process euro-denominated payments on the blockchain. According to a Bloomberg report, JPMorgan […]
Category: STO News
Gemini Launches ETH Staking Service in the UK Amid New Milestone for Ethereum
Neither the author, Ruholamin Haqshanas, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Gemini has launched Ethereum staking services for institutions and high-net-worth individuals in the United Kingdom. The move comes as the US-based cryptocurrency exchange has been aggressively expanding its services globally amid increasing regulatory hostility in the […]
Tether Chooses Kava As Gateway for Cosmos USDt
Georgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. https://twitter.com/Tether_to/status/1671445095965499393?s=20 “Kava’s support of […]
Japan’s Largest Bank to Support Global Stablecoin Issuance
Top Japanese banking group Mitsubishi UFJ (MUFG) is reportedly holding discussions with stablecoin issuers to have them issue such tokens on the group’s blockchain platform. MUFG is also engaging entertainment companies and non-financial businesses on stablecoin projects. The announcement is in conjunction with the implementation of Japan’s stablecoin law on June 1. The law enabled […]
UF AWARDS APAC 2023 Announces Winners
A benchmark of excellence in fintech and financial services, the UF AWARDS are some of the most sought-after accolades. Taking this benchmark to the APAC region, the UF AWARDS APAC shine a light of prestige on the most deserving Brokers and B2B market players locally. Celebrating the highest achievements, growth and top quality standards in […]
France’s AMF Cautions against Automated FX, Crypto Trading Scheme
The French financial market supervisor, locally known as Autorité des marchés financiers (AMF), has sounded the alarm against Immediate Connect, which offers automated trading with forex and cryptocurrencies. AMF Flags Automated Trading Scheme According to the announcement today (Friday), the warning came after the regulator received dozens of complaints from the victims of the investment […]
DASH Down 0.5% as Halving Completes Amid SEC Allegations
Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our website policy prior to making financial decisions. Dash (DASH) just completed its halving event, reducing the cryptocurrency’s mining reward to 2.3 DASH. However, the asset’s price fell 0.5% after the event, likely because DASH is one of the cryptocurrencies targeted by […]
Coincheck’s Nasdaq Listing Delayed by One Year
Japan’s Monex Group has confirmed that the public listing of its cryptocurrency exchange, Coincheck, through a reverse merger with a blank check company has been delayed by one year. It was the second time the merger had been delayed. Delay in Coincheck’s Pubic Listing The deal between Coincheck and its special purpose acquisition company (SPAC) […]
Regulatory Orders Says Prime Trust Has ‘Shortfall of Customer Funds’
Prime Trust is the latest crypto custody platform to be in trouble, as it received a cease-and-desist order from the Nevada Department of Business and Industry for a “shortfall in customer funds” and not being able to handle customers’ withdrawal requests. Troubled Prime Trust The regulatory order was published publicly on Thursday, hours after BitGo, […]
Moneta Markets Aims Global Expansion with New Seychelles License
CFDs broker Moneta Markets has strengthened its global presence by obtaining an operational license from the Financial Services Authority of Seychelles (FSA). Moneta Markets Gains Seychelles License The official press release shared with Finance Magnates detailed that the new license will help the broker in its “global expansion journey.” “Obtaining our Seychelles license is a […]
